We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argan Sa | LSE:0GN6 | London | Ordinary Share | FR0010481960 | ARGAN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 40.30 | 7,019 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 186.94M | -263.45M | -11.4151 | -6.22 | 1.64B |
Press release – Neuilly-sur-Seine, Monday, May 13, 2024 – 5.45 pm
S&P strengthened ARGAN’s “Investment Grade” status with a “Stable” outlook for its “BBB-” rating
ARGAN, the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and leading player of its market, announced that the outlook on its “BBB-” long-term issuer credit rating was raised to “Stable” by S&P Global Ratings.
S&P Global Ratings raised the outlook on ARGAN’s “BBB-” from “Negative” to “Stable”. This credit rating update comes after ARGAN successfully led a capital increase in the amount of €150 million1, which was launched and finalized on April 23, as part a move to strengthen our development and debt reduction plan.
In its report, S&P Global Ratings stressed more particularly:
More generally, this upgrade testifies to the adequacy of the Group’s strategy for mastered growth and strong debt reduction as well as increased trust from financial markets in ARGAN’s name, reinforced by steady and transparent financial communication.
The rating is available on the website of S&P Global Ratings (www.standardandpoors.com).
2024 financial calendar (Publication of the press release after closing of the stock exchange)
2025 financial calendar (Publication of the press release after closing of the stock exchange)
About ARGAN
ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market. Building on a unique client-tenant-centric approach, ARGAN builds pre-let PREMIUM warehouses for blue-chip clients and supports them throughout all project phases from the development milestones to the rental management.Profitability, tight control over our debt and sustainability are at the heart of ARGAN’s DNA. Its strongly proactive ESG policy has very concrete results with our Aut0nom® concept, the “in-use” Net Zero warehouse. As of today, our portfolio represents 3.6 million sq.m, across about a hundred warehouses, exclusively located in the continental part of France. This portfolio is valued €3.7 billion as at December 31, 2023 for a yearly rental income of about €200 million in 2024. ARGAN is a listed real estate investment company (French SIIC), on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC France indices.www.argan.fr
Francis Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid – Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail: contact@argan.frwww.argan.fr | Marlène Brisset – Media relationsPhone: +33 6 59 42 29 35E-mail: argan@citigatedewerogerson.com |
1 For more information, readers are referred to press releases published on April 23 and April 24, 2024, under the “Capital increase” section of the regulated information available on argan.fr.2 LTV EPRA (excluding duties), assuming a cap. rate of 5.25% excluding duties.
Attachment
1 Year Argan Chart |
1 Month Argan Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions